7.10 US Stocks | Indices Are Moving Each in Their Own World Nasdaq Rallies for Three Straight Sessions Against the Tide, Earnings Season Begins
Brothers
Last night (7/9), US stocks were extremely conflicted. Different indices each played their own game.
Nasdaq rose 0.28% to 25,870, winning its third straight day.
The S&P slipped 0.3%.
But the Dow fell more than 1%, dragged down by financials and energy, to 52,348.
The divergence among indices shows the market is still locked in a tug-of-war between geopolitics and earnings.
Last night’s trading had three hard-hitting highlights:
First, Broadcom renews big with Apple. Broadcom (AVGO) announced it has renewed its deal with Apple through 2031. The moment the news broke, Broadcom jumped nearly 4%, which helped steady the PHLX Semiconductor Index as well. Plus, Meta’s ongoing “selling compute power” story is still simmering.
Second, Chinese concept stocks collectively go “legendary.” Last night, the Nasdaq China Golden Dragon Index surged 2.05%. Alibaba jumped 11%, and Baidu rose nearly 5%.
The statement from the People’s Bank of China supporting Hong Kong’s capital markets became the strongest tailwind. This wave saw both southbound funds and foreign capital diving into bargain Chinese assets.
Third, the big boss of earnings season is coming. JPMorgan is set to officially kick off Q2 earnings next Tuesday (7/14). The market expects S&P 500 profit growth to reach 25%, and tech stocks to climb toward 65%.
With expectations at this “ceiling-level,” will it be a surprise or a shock? We’ll know soon.
In short: the shadow of geopolitics hasn’t fully lifted, but funds have already started positioning ahead of Q2 earnings. Tech stocks may have rallied high, but a hard-logic play like Broadcom-Apple’s renewal suggests AI demand hasn’t stopped.
Next week’s bank earnings reports will be a sentiment barometer. Watch U.S. Treasury yields—so long as they don’t go crazy higher again, the Nasdaq can keep this breath going.
#美股超话
Brothers
Last night (7/9), US stocks were extremely conflicted. Different indices each played their own game.
Nasdaq rose 0.28% to 25,870, winning its third straight day.
The S&P slipped 0.3%.
But the Dow fell more than 1%, dragged down by financials and energy, to 52,348.
The divergence among indices shows the market is still locked in a tug-of-war between geopolitics and earnings.
Last night’s trading had three hard-hitting highlights:
First, Broadcom renews big with Apple. Broadcom (AVGO) announced it has renewed its deal with Apple through 2031. The moment the news broke, Broadcom jumped nearly 4%, which helped steady the PHLX Semiconductor Index as well. Plus, Meta’s ongoing “selling compute power” story is still simmering.
Second, Chinese concept stocks collectively go “legendary.” Last night, the Nasdaq China Golden Dragon Index surged 2.05%. Alibaba jumped 11%, and Baidu rose nearly 5%.
The statement from the People’s Bank of China supporting Hong Kong’s capital markets became the strongest tailwind. This wave saw both southbound funds and foreign capital diving into bargain Chinese assets.
Third, the big boss of earnings season is coming. JPMorgan is set to officially kick off Q2 earnings next Tuesday (7/14). The market expects S&P 500 profit growth to reach 25%, and tech stocks to climb toward 65%.
With expectations at this “ceiling-level,” will it be a surprise or a shock? We’ll know soon.
In short: the shadow of geopolitics hasn’t fully lifted, but funds have already started positioning ahead of Q2 earnings. Tech stocks may have rallied high, but a hard-logic play like Broadcom-Apple’s renewal suggests AI demand hasn’t stopped.
Next week’s bank earnings reports will be a sentiment barometer. Watch U.S. Treasury yields—so long as they don’t go crazy higher again, the Nasdaq can keep this breath going.
#美股超话